Bowsprit Capital Corporation Limited, manager of First Reit signs a Memorandum of Understanding for the acquisition and leaseback of 51 Lentor Avenue, Singapore 786876.
The property is currently a 148-bed nursing home with a land area of 2,500 square metres with a gross floor area of 3,000 square metres.
The MOU allows time for the negotiation of the purchase price and the terms of the leaseback, More details will be released once terms have been agreed upon.
First REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing real estate and/or real estate-related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes including but not limited to regional healthcare and/or healthcare-related markets with high growth potential such as Indonesia, Singapore, China, Malaysia, Thailand and Hong Kong.
In addition, as one of its objectives, First REIT seeks to invest in healthcare and healthcare-related assets that are positioned to capitalise on the growing demand for healthcare services in Asia.
GEMS TV expects to reach more than 31 million American households by mid-June 2007, representing an increase of more than nine million households since March 2007.
The company is continuing its expansion plans in major markets across the US via distribution by some of the largest cable operators nationwide including Time Warner, Cox and Comcast.
Gems TV will become available full time or part time in Boston, Massachusetts; San Francisco, California; Memphis and Baton Rouge, Louisiana; Philadelphia and Pittsburgh, Pennsylvania; Houston, San Antonio and Austin, Texas; and Syracuse, New York over the months of May to early June.
Gems TV is an integrated manufacturer and television home shopping retailer of colored gemstone jewelry. They are the UK's leading dedicated television home shopping retailer of colored gemstone jewelry. They sell our own handcrafted gemstone jewelry directly to customers primarily via television, as well as over the Internet, through a ""reverse auction'' system. They operate their business through two principal operating subsidiaries, their manufacturing subsidiary in Thailand and their television home shopping subsidiary in the UK. Their vertically integrated supply and retail business structure removes the complex supply chains and multiple intermediaries that are traditionally present in the jewelry industry and allows them to provide better value to customers.
Singapore Computer Systems Limited has completed the implementation of the integrated Hospital Information System (iHIS) for Shanghai Gleneagles International Medical and Surgical Center.
SCS' iHIS for the hospital includes a full range of solutions for Inpatient and Outpatient management, as well as Electronic Medical Records management. It caters for enhanced guest relationship management, and integrates with third party systems such as laboratory information, radiology information, Picture Archiving and Communications and finance management systems, amongst others. SCS has also set up telemedicine and videoconferencing links between Shanghai Gleneagles and Parkway's other medical facilities in Singapore and other countries.
iHIS allows Shanghai Gleneagles' staff to securely review patient records via the internet wherever they are, whenever they want to. The guest relationship management feature allows electronic scheduling and tracking of appointments as well as electronic management of patient data.
Singapore Computer Systems Limited (SCS), a premier information and communications technology (ICT) service provider in the Asia-Pacific region, is the IT business arm of the Singapore Technologies Group, a multinational conglomerate whose core businesses are Engineering, Technology, Infrastructure & Logistics, Property and Financial Services.
Yongnam Holdings Limited's subsidiary, Yongnam Engineering & Construction (Private) Limited, has been awarded a contract for civil and structural steelworks to 11 over-ground stations by Obayashi Corporation representing JT Metro Joint Venture for the US$1.6 billion Dubai Metro project - Red Line .
The contract value is approximately S$60 million.
The Dubai Metro project will link Rashidiya to Jebel Ali. Construction work is scheduled to be completed by mid-2008.
Yongnam Holdings Limited is a leading Singapore based multi-discipline engineering and construction services provider with more than 30 years experience. Its Key business areas are: structural steelworks (engineering coordination, detailing, full service fabrication and erection of steel structures), specialist civil engineering and mechanical engineering. Yongnam currently operates in Singapore, Malaysia, Thailand and Hong Kong. Yongnam is often consulted for ideas during the preliminary stages of a project and enjoy a reputation for providing innovative and practical solutions to difficult and complex construction problems. The safe and timely deliveries that result from these ideas have earned the trust and confidence of many clients and consultants.
ECS Holdings Limited, has signed an agreement to be the strategic distributor in the South East Asian region and China for Buffalo Inc. of Japan, a global leader in the design, development and manufacturing of complete computer peripheral solutions such as wired and wireless networking, storage and memory products.
Under the regional agreement, ECS will be the sole distributor for Buffalo products in Singapore, Thailand, Malaysia, Indonesia and the Philippines and one of the key distributors in China.
Existing and new resellers in the expanded markets will gain access to the entire range of products manufactured by Buffalo through ECS. This array includes products like USB Flash, External Hard Drives, Network Attached Storage and Wireless Networking.
The principal activities of the Company are that of investment holding and the distribution of information technology products. The Group is a one-stop centre, or IT hub, providing a range of e-enabling infrastructure products, IT services and IT products to application service providers, Internet service providers, commerce service providers, network service providers, full service providers and corporate resellers in Singapore, Thailand and Malaysia.
HLN Technologies Limited has raised S$5.19 million by way of a placement of 9,800,000 new ordinary shares, subject to the in principle approval from the Singapore Exchange Securities Trading Limited for the listing of the placement shares.
The new shares were placed at a price of S$0.55 per share, which represents a 7.9% discount from the weighted average price for trades done on 3 May 2007. The number of new ordinary shares issued represents 9.9% of the existing share capital of the Group and approximately 9.0% of the enlarged share capital of the Group. The Group will use the proceeds of the placement to fund the expansion of their fast growing metallic business in precision machining, expanding the Groups production capacities in Malaysia and China and for working capital.
The current placement exercise is heavily supported by institutional investors. Blackhorse Asset Management, JL Capital and Schroders Investment are some of the subscribers.
The Company was incorporated in Singapore on 26 February 2004 under the name of HLN Technologies Pte Ltd. The Company assumed its present name on 26 September 2005. It is involved in the manufacture and sale of customised precision metallic, elastomeric and polymeric components, which are used in a variety of industries principally in the office automation, consumer electronics and automotive industries. HLN has in-house material formulation and compounding facilities where it blends the mixture of elastomers and other ingredients to make rubber compound, a raw material used in the production of its precision metallic, elastomeric and polymeric components.
AsiaPharm Group Ltd has acquired Wearnes Biotech and Medicals Pte Ltd (WBM), a wholly owned subsidiary of Singapore-listed WBL Corporation Limited in a S$2.1 million all-cash transaction.
Leveraging on its established distribution network and Norwegian sales experience, WBM - with a turnover of S$1.5 million in FY2006 - will expand its market penetration into other ASEAN countries, Europe and Australia.
WBM's distribution network in Singapore and Malaysia will allow AsiaPharm to further develop its OTC drug portfolio. Through WBM's links with pharmacies and doctors, AsiaPharm will be able to cross-sell several of its proprietary natural drugs and OTC products such as Sailmai® , Ximingting® , Okai®, Olai®, and Otong®.
The Group is in the business of:
(1) research, development, production and sale of pharmaceutical drugs for the fields of orthopaedics, neurology, gastroenterology and hepatology, focusing on natural drugs and chemical drugs with new formulations;
(2) distribution of products of other pharmaceutical manufacturers in China;
(3) processing and sale of active ingredients, mainly chondroitin sulphate, for the manufacture of pharmaceutical drugs;
(4) sale of R&D results and/or patents of new drugs and provision of research services on a contract basis.
Soilbuild Group Holdings Ltd has obtained Temporary Occupation Permit status, three months earlier than expected, for its strategically located eight-storey landmark development - Eightrium @ Changi Business Park.
The high-tech building, with its East and West Wings interlinked by a distinctive five-storey high atrium, has seen strong interest from various MNCs in the high technology, research and development, and knowledge intensive industries. Its net lettable area of approximately 178,000 square feet, with large floor plates of up to 30,000 square feet, is now ready for occupation.
Eightrium @ Changi Business Park is within walking distance to the Expo MRT Station. The site at 15A Changi Business Park Central 1, with a total land area of 7,957 square metres, was awarded by JTC Corporation following a competitive Request for Proposal exercise in November 2005. It has a 30-year lease tenure which started in February 2006, and an option to renew for a further 30 years.
SGX Mainboard-listed Soilbuild is an innovative property developer with a development portfolio of mid to high-end residential properties and business space properties for MNCs and SMEs.
DMX Technologies Group Limited has entered into contracts totaling US$1.68 million with Suzhou Digital TV Company Limited and Taizhou Digital TV Company Limited to build digital TV head-end platforms in support of their plans to digitize TV services.
Under these contracts, DMX is commissioned to build end-to-end head-end platforms for Suzhou DTV and Taizhou DTV that prepare and process digital content for TV service provisioning and lay the foundation for future interactive value-added services.
The DMX Group are system architects in the business of designing and implementing comprehensive network solutions to its customers to satisfy their demands and requirements. It is able to provide solutions that cover the entire IT spectrum, from basic network infrastructure, to network security, to front-end software. These services are provided under three product/service segments as follows:
1. D-net consists of solutions for the network infrastructure of a service provider or an enterprise.
2. D-secure is the comprehensive suite of security solutions that guard the key gateways to information in an enterprise.
3. D-soft consists of software solutions for customers wishing to exploit the business opportunities that the Internet offers.
Global Voice has concluded an agreement with UNET, one of the Netherlands's largest FTTX (fiber to the premises) providers.
Under the terms of the agreement, Global Voice will deploy priva¦nex - a highly redundant, high capacity private fiber ring for the rollout of bandwidth hungry voice, video and data services in Amsterdam, Rotterdam and Utrecht.
Global Voice will deliver a private fiber network connecting multiple locations in several ring configurations throughout Amsterdam. Extending UNET's reach further, the company will deliver an inter-city fiber network linking Utrecht to Rotterdam.
GVN owns and operates one of the largest Metropolitan Area Network businesses (MANs) in Europe. Its fibre networks are located in 14 cities. GVN's uses its highly secure networks to provide its clients with IP products and business continuity services, which include disaster recovery services, online data storage and content delivery. GVN's main target industry sectors are the regulatory-driven banking & insurance industry, pharmaceutical and government.
"..With the upcoming Beijing Olympics and the rapid pace of digitalisation in the global market, the output of flat-panel TV is expected to grow at an annual rate of above 20%. This translates into strong growth prospects for our electronic tuner components and precision components and connectors businesses. Our strong industry position as the largest supplier for electronic tuner components will enable us to increase our market share for electronic tuner components and increase our market penetration rate for precision components and connectors. In addition, the growing trend towards car ownership by Chinese families and the PRC's cost competitiveness is leading it to gradually become the global supply base for automobile components. This points to tremendous latent potential for us in this sector as it is estimated that automobile output in the PRC may hit 8.5 million units in 2007, an 18% growth year-on-year..."
Zhang Zhongliang, Executive Chairman
China Precision Technology Limited